iShares Gold Trust $IAU is Sowa Financial Group Inc.’s 2nd Largest Position

Sowa Financial Group Inc. lowered its position in iShares Gold Trust (NYSEARCA:IAU) by 20.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 401,181 shares of the exchange traded fund’s stock after selling 104,530 shares during the period. iShares Gold Trust comprises approximately 15.6% of Sowa Financial Group Inc.’s investment portfolio, making the stock its 2nd biggest position. Sowa Financial Group Inc. owned approximately 0.05% of iShares Gold Trust worth $25,018,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of IAU. Lyell Wealth Management LP purchased a new position in shares of iShares Gold Trust in the 2nd quarter valued at about $219,000. Alaska Wealth Advisors grew its holdings in iShares Gold Trust by 0.7% in the second quarter. Alaska Wealth Advisors now owns 55,742 shares of the exchange traded fund’s stock valued at $3,476,000 after purchasing an additional 361 shares during the period. Madison Wealth Partners Inc increased its position in shares of iShares Gold Trust by 8.7% in the second quarter. Madison Wealth Partners Inc now owns 4,313 shares of the exchange traded fund’s stock valued at $269,000 after buying an additional 344 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new stake in shares of iShares Gold Trust in the second quarter valued at approximately $4,149,000. Finally, Sigma Investment Counselors Inc. raised its stake in shares of iShares Gold Trust by 8.7% during the 2nd quarter. Sigma Investment Counselors Inc. now owns 248,675 shares of the exchange traded fund’s stock worth $15,507,000 after buying an additional 19,904 shares during the period. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

iShares Gold Trust stock opened at $79.63 on Monday. The company’s fifty day moving average price is $69.25 and its 200 day moving average price is $64.78. iShares Gold Trust has a 1 year low of $48.29 and a 1 year high of $81.34. The stock has a market capitalization of $66.22 billion, a P/E ratio of 5.53 and a beta of 0.15.

About iShares Gold Trust

iShares Gold Trust (the Trust) is to own gold transferred to the Trust in exchange for shares issued by the Trust (Shares). Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist of gold held by the Trust’s custodian on behalf of the Trust.